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The best way to improve flexibility is to
Adjusting Entry
An accounting procedure for updating the records of unrecorded expenses or revenues to ensure accurate financial statements.
Straight-Line Amortization
A method of evenly distributing the cost of an intangible asset over its useful life.
Total Interest Cost
The sum of all interest payments over the life of a loan, reflecting the true cost of borrowing.
Interest Paid
The amount paid by a borrower to a lender for the privilege of using borrowed money, typically expressed as an annual percentage of the loan outstanding.
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